Which of the Following Instances of Lending Is Most Likely

question 63

Multiple Choice

Which of the following instances of lending is most likely to be covered by the Truth in Lending Act (TILA) ?

• A)A savings and loan association extends a $30,000 credit to a retail consumer.
• B)An auto retailer extends a $25,000 credit to a buyer payable in five equal installments.
• C)An accountancy firm extends a $10,000 one-time credit to an employee.
• D)A bank extends a $20,000 credit to a farmer for use in agricultural purposes.

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Definitions:

Hypnosis

A trance-like state of focus and concentration achieved with the help of a clinical therapist, used in therapy to recover suppressed memories or to modify behaviors and emotions.

Acupuncture

A form of alternative medicine that involves inserting thin needles through the skin at specific points to treat various conditions.

Nausea and Vomiting

Common symptoms that can be caused by a wide range of conditions, often indicating distress in the stomach or related organs.

Postoperative Symptoms

Symptoms or problems that occur after a surgical procedure.